SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Punjab & Sind Bank plans to raise Rs 250 crore via share sale to institutional investors

04 Sep 2023 Evaluate

Punjab & Sind Bank has planned to raise Rs 250 crore through share sale to institutional investors in the third quarter of the current fiscal. The bank has got approvals for capital raising of Rs 250 crore via Qualified Institutional Placement (QIP) in the next quarter.

It will help achieve the twin objective of capital raising and dilution of the government's holding in the bank. Government of India holds a 98.25 per cent stake in the bank which was listed on the stock exchanges in 2010.  The government's nod is also in place for the capital raising. 

Punjab & Sind Bank’s primary business is taking deposits, and making advances and investments, and is principally divided into retail banking, corporate banking, priority sector banking, treasury operations and other banking services such as agency functions for insurance, distribution of mutual funds and pension and tax collection services.


Punjab & Sind Bank Share Price

25.14 0.23 (0.92%)
04-May-2026 10:13 View Price Chart
Peers
Company Name CMP
SBI 1080.25
PNB 110.60
Canara Bank 136.80
Bank Of Baroda 270.05
Union Bank Of India 167.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×